Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[pacman7331]

Dump is going too fast. Bears should slow down or face a rebound. Its easy to wait out a flash crash.

[1632742790]

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[monsanto]

[the artful bodger]

The plunge is getting too steep. We need another short squeeze.

Plunges down are often followed by steep pumps back up. It might be pumping and squeezing those shorts by tomorrow.

[r01k]

Finally some carnage.  This is starting to look like a "real bitcoin crash"^TM.  But don't worry; this is not the end of Bitcoin.  Even if we fall to $3,000, this is not the end.  Bitcoin has survived 3 previous crashes of magnitudes 15x, 5x, and 6x; this crash has cut the price by a factor of only 3x -- tame in comparison.  

Bitcoin is a virus.  The reason we won't fall back to where we came from at $1,000 is because we've infected so many new people -- our base of "hodlers" in now larger than ever. Also remember that bitcoin has just received more global attention than at any other time in history.  We now have another opportunity to get some real work done on adoption, usage and on-boarding new people, as we build a pad for the next launch.  

I think Bitcoin is destined to become a global peer-to-peer electronic cash system that will change the world as we know it in many ways.  Do what you need to do, but don't lose hope.

I agree. Cryptos are here to stay. HODL and enjoy the ride.

[fabiorem]

I'm smelling a rebound. Can you bears go more slow please?

[marcus_of_augustus]

fuck off you piece of lying shit ... you've spent best part of 3 years confusing people about what is bitcoin and pumping some dumb shitcoins and now you come here with this tripe ...

really, just fuck off you parasite cunt. take jbreher and ver and your other fucked up mates with you.

Finally some carnage.  

blah blah blah

I think Bitcoin is destined to become a global peer-to-peer electronic cash system that will change the world as we know it in many ways.  Do what you need to do, but don't lose hope.

[Ibian]

fuck off you piece of lying shit ... you've spent best part of 3 years confusing people about what is bitcoin and pumping some dumb shitcoins and now you come here with this tripe ...

really, just fuck off you parasite cunt. take jbreher and ver and your other fucked up mates with you.

Finally some carnage.  

blah blah blah

I think Bitcoin is destined to become a global peer-to-peer electronic cash system that will change the world as we know it in many ways.  Do what you need to do, but don't lose hope.

...what is your objection? Not to the person, that's just childish, but to what he says?

[lightfoot]

So where are the suicide spacemen?

[Wolf Rainer]

Wheres the fucking bottom? Not bounce at all, just pure blood bath.

[HairyMaclairy]

fuck off you piece of lying shit ... you've spent best part of 3 years confusing people about what is bitcoin and pumping some dumb shitcoins and now you come here with this tripe ...

really, just fuck off you parasite cunt. take jbreher and ver and your other fucked up mates with you.

Finally some carnage.  

blah blah blah

I think Bitcoin is destined to become a global peer-to-peer electronic cash system that will change the world as we know it in many ways.  Do what you need to do, but don't lose hope.

...what is your objection? Not to the person, that's just childish, but to what he says?

I believe the objection is how he deliberately misleads newcomers for his own profit.

[Higher Altitude]

On a positive note, 1 Bitcoin is still more than 4 times more valuable than 1 ounce of gold.

[Ibian]

fuck off you piece of lying shit ... you've spent best part of 3 years confusing people about what is bitcoin and pumping some dumb shitcoins and now you come here with this tripe ...

really, just fuck off you parasite cunt. take jbreher and ver and your other fucked up mates with you.

Finally some carnage.  

blah blah blah

I think Bitcoin is destined to become a global peer-to-peer electronic cash system that will change the world as we know it in many ways.  Do what you need to do, but don't lose hope.

...what is your objection? Not to the person, that's just childish, but to what he says?

I believe the objection is how he deliberately misleads newcomers for his own profit.

In this particular case?

[RoomBot]

You know what's cool?

Folks like Tim Draper, the WinkleVii, and even Loaded hodling like a boss. Just imagine those paper loses for a sec. But they look at the long term horizon, not the short term.

They got in so low, and accumulated so much, they're sitting pretty unless it goes to 0

[Biodom]

Seriously, how can we keep hitting new lows again and agai ?
What are people thinking about ? Is everybody here trying to sell now to buy back at a later dip ?

Btc was never worth 5 digits to begin with
i don't even think it's worth 4 digits right now

The electrical cost to produce one bitcoin in US right now is about $3000 if you have around $0.1 Kw/h cost, WITHOUT equipment amortization. Maybe it can go lower, but I don't see why.
All I see is some games being played. Whatever.

[lightfoot]

Ah here we go....

[RoomBot]

The bounce is going to be brutal. I can hear the confusion and the screams of lost coins.

Like dust that became valuable & returned back to dust...

ashes to ashes.

[lightfoot]

Hey it's not all that bad, I got a roomba out of this.

[RoomBot]

HOW are we bleeding this bad??

How did we Moon so crazy-fast?

[egyptian magician]

On a positive note, one bitcoin is still one bitcoin.

[ChinkyEyes]

Finally some carnage.  This is starting to look like a "real bitcoin crash"^TM.  But don't worry; this is not the end of Bitcoin.  Even if we fall to $3,000, this is not the end.  Bitcoin has survived 3 previous crashes of magnitudes 15x, 5x, and 6x; this crash has cut the price by a factor of only 3x -- tame in comparison.  

Bitcoin is a virus.  The reason we won't fall back to where we came from at $1,000 is because we've infected so many new people -- our base of "hodlers" in now larger than ever. Also remember that bitcoin has just received more global attention than at any other time in history.  We now have another opportunity to get some real work done on adoption, usage and on-boarding new people, as we build a pad for the next launch.  

I think Bitcoin is destined to become a global peer-to-peer electronic cash system that will change the world as we know it in many ways.  Do what you need to do, but don't lose hope.

I agree. Cryptos are here to stay. HODL and enjoy the ride.

I agree and I would like to add that the base of "hodlers" will only continue to grow. We are getting closer and closer to adoption. If we look at the adoption life cycle and judging by the kinds of people who have gotten into crypto recently, I think we are passed the early adopters and are now at the early majority stage.

On different note I would like to add, we all hope that the price of Bitcoin rises and we become more wealthier than we currently are, but to become more wealthier we need to endure some hardships first. This is one of them. You cannot get rich quickly unless you win the lottery and most people blow their winnings within a few years. It is better for your own self worthiness that you earn this opportunity, by
enduring the hardship that way you feel more rewarded when Bitcoin rises again.

Think about it this way, future generations will be using this kind of technology, but far more advanced than it is now. They will take Bitcoin and blockchain for granted, just like most kids today take the internet or mobile cellphones for granted.

Think longterm not shortterm.